ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Innovative ETFs Channel
  2. AIG Propelling Solid Gains for the Invesco KBWP ETF
Innovative ETFs Channel
Share

AIG Propelling Solid Gains for the Invesco KBWP ETF

Ben HernandezJan 08, 2021
2021-01-08

Insurance company American International Group (AIG) is propelling gains for the Invesco KBW Property & Casualty Insurance ETF (KBWP B).

AIG is up 8% to start the new year and KBWP has been on an uptrend the last 3 months, gaining over 20%:

KBWP Price % Change

KBWP seeks to track the investment results of the KBW Nasdaq Property & Casualty Index. The underlying index is a modified-market capitalization-weighted index designed to track the performance of companies primarily engaged in U.S. property and casualty insurance activities, as determined by the index provider.

AIG comprises about 7.7% of the fund’s holdings as of January 6. While AIG has seen better days in terms of its stock price, the tide could be turning given its recent strength.

“Sadly, 2020 has put many Americans in touch with their mortality. But that’s good news for insurance stocks like American International Group,” an Investorplace article noted. “Despite a recent surge, AIG stock is still down 25% for the year and faces cost pressures due to low interest rates.”

“In the best of times, the annuities market is challenging, but it’s been particularly brutal in 2020,” the article added further. “But that could be changing. This, in turn, is putting pressure on the company’s revenue and ultimately its earnings. But analysts are becoming more bullish on the prospects for AIG stock. And the biggest reason for the optimism is the fact that the economy is getting better. Rising jobs numbers are an indication that policyholders who may have been foregoing premium payments to make ends meet will be able to get back on track. And the recent upturn in the market is helping the company generate more income from its investment of insurance premiums.”

AIG is up 38% the last few months:


Content continues below advertisement

AIG Price % Change

Traders Placing Their Bets on AIG?

Action in the options market also appears to be brewing due to a higher implied volatility. A potential bullish sentiment among traders could help fuel AIG and KBWP further.

“Clearly, options traders are pricing in a big move for American International shares, but what is the fundamental picture for the company? Currently, American International is a Zacks Rank #3 (Hold) in the Insurance – Multi line industry that ranks in the Bottom 33% of our Zacks Industry Rank,” a Yahoo! Finance article said. “Over the last 60 days, no analyst has increased the earnings estimates for the current quarter, while three have dropped the estimates. The net effect has taken Zacks Consensus Estimate for the current quarter from 96 cents to 94 cents in that period.”

For more news and information, visit the Innovative ETFs Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X